Performance Management Software

Performance Management

What is Performance Management Software?

Performance management software solutions aim to assist managerial staff in the evaluation of their employees’ performances in relation to organizational goals and established performance standards. Performance management software solutions also manage the progress – or development – of each employees’ performance. Performance management software solutions foster productive discussions between management and its staff by allowing for the facilitation of continuous feedback. While capable of being a standalone solution, performance management systems are often part of a greater HR management suite. Utilized by HR departments across industries, performance management software solutions are often implemented to improve employee productivity, goal development and management, and feedback management.

Common Features

  • Performance Reviews
  • Check-Ins/1-on-1s
  • Feedback Models
  • Goal Setting and Tracking (Goal Management)
  • Reporting and Analytics
  • Integration Capabilities
  • Dashboard
  • Development Planning
  • Employee Engagement
  • Employee Recognition
  • Compensation/Promotion Management
  • Company Objectives and Key Results
  • 360 Feedback Process
  • 9-Box Grid
  • Goal Setting & Monitoring

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Top Performance Management Software 2024

BambooHR

BambooHR

Composite Score
7.9 /10
CX Score
8.2 /10

The online Human Resources Information System that makes time for the work meant to do. BambooHR guarantees your success when changing from spreadsheets to our HR software.

Pros

  • Reliable
  • Trustworthy
  • Effective Service
  • Caring

Products below are ineligible for awards due to insufficient recent reviews

Quantum Workplace Inc

Quantum Workplace Engagement

Composite Score
8.4 /10
CX Score
8.3 /10

Quantum Workplace provides an all-in-one employee engagement software that makes managers the central drivers of workplace culture. Quantum Workplace’s technology gives team leaders direct access to employee feedback and personalized real-time insights, so they can better serve their teams.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing
AssessTEAM

AssessTEAM

Composite Score
8.2 /10
CX Score
8.5 /10

AssessTEAM is Cloud-Based Performance Management Software that accommodates all evaluation methodologies including IOS, Android Mobile Apps. AssessTEAM was built by entrepreneurs as a performance management software tool for easy employee evaluation, engagement, mentoring, and productivity reporting – all in a single suite.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing
Helloteam Inc

HelloTeam

Composite Score
7.8 /10
CX Score
8.2 /10

HelloTeam employee retention platform combining performance management, employee engagement and workplace connectivity. The platform is a modern engagement and talent management platform focusing on the main driver of your company’s success – your people.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing
Leapsome

Leapsome

Composite Score
7.6 /10
CX Score
8.0 /10

Leapsome is an all-in-one intelligent people enablement platform for Performance Management & Employee Engagement. Leapsome helps companies to enhance their people management processes and help them develop, empower and enable employees.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

Cons

  • Leverages Incumbent Status
Composite Score
7.3 /10
CX Score
7.6 /10

Trakstar Perform is modern employee performance management software of some of today’s top employers. Trakstar’s performance management system makes assessments, goal setting, and talent management more manageable with a suite of best-in-breed tools and solutions.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

Cons

  • Wastes Time
Composite Score
7.3 /10
CX Score
7.8 /10

Paylocity's extensive performance management software streamlines process to give leaders, supervisors, and employees the tools for growth and success — minus the paperwork and manual tasks. Paylocity Performance enables transparent, two-way communication with 360 feedback, Journals, and peer recognition to keep development top of mind throughout the year. Employees take ownership of their own career development and give managers the tools to support them.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing
Composite Score
6.8 /10
CX Score
7.9 /10

Paycom Performance Management offers complete employee assessments with performance review software for consistency, efficiency and less burden. Their HR performance management software houses all the documentation, resources and processes you need to offer a consistent system for evaluation.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing
Lattice

Lattice

Composite Score
6.0 /10
CX Score
6.1 /10

Improve manager effectiveness, simplify people processes, and uncover employee insights with an AI-powered platform.

Pros

  • Reliable
  • Security Protects

Cons

  • Inhibits Innovation
  • Slower Product Innovation
  • Less Inspiring

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